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Fiqh (فقه) means Islamic legal theory or Islamic jurisprudence, which covers various aspects of the crafting process of Islamic law (sharia).
From the orthodox Sunni Islamic perspective, contrary to the lay understanding, "sharia" is not so much a "legal ruling", but it is a universal and omnipresent law created by God, exists upon the confinement of time and space, and condensed into the Qur'an as a divine revelation.[note 1] Fiqh is a scholarly attempt and process to "interpret" this omnipresent law from the Qur'an as well as the practices of Muhammad, and apply it to the transient world.
Fiqh is predominantly divided into two categories: Usul al-Fiqh and Furu al-Fiqh.
So fiqh is essentially an umbrella term that covers usul al-fiqh, furu al-fiqh and hukm. A person who is scholarly-trained in fiqh is called faqih, and they comprise the majority of Muslim scholars or ulama.